This workshop equips accounting and finance professionals with practical insights in a rapidly evolving trade environment. As global trade becomes more complex, accountants must ensure that transactions are not only commercially sound, but also compliant with regulatory requirements and financial controls.
Participants will gain a comprehensive understanding on key trade finance instruments such as letters of credit, guarantees and how to apply them effectively in their finance, treasury and risk management functions. The workshop also also covers documentation accuracy, compliance with anti-money laundering regulations, and best operational practices.
At the end of this course, you will be able to:
- Understand the structure and financial implications of key trade finance instruments;
- apply trade finance procedures, including documentation, settlement and cost allocation;
- comply with regulatory and compliance frameworks relevant to trade finance;
- recognise and address common operational challenges in trade finance; and
- implement internal controls and best practices to strengthen financial reporting and compliance in trade transactions.
Programme Outline
Introduction to Trade Finance Instruments
- Importance of Trade Finance in working capital and cash flow management
- Key parties involved in international trade
- Overview of common trade finance instruments:
- Open Account
- Cash-in-Advance
- Documentary Collection
- Documentary Credit (Letter of Credit)
- Bank Guarantees and Standby LCs
- Shipping Guarantees
Payment Modes & Risk Considerations
- Matching Buyer’s & Seller’s Expectations
- Levels of Trust & Payment Modes
- Advantages, risks, process flows for:
- Open Account
- Cash-in Advance
- Documentary Collection
- Documentary Credit
- Applicable rules and conventions (e.g., UCP600, URC522, ISP98)
Trade Finance Operations
- Export LC Advising
- Standby LC / Bank Guarantee
- Shipping / Air Waybill Guarantee
- Handling of Export Financing:
- Purchase / Prepay Export Documents
- Invoice Financing (Sales Side)
- Handling of Import Financing:
- Trust receipt
- Invoice Financing (Purchase Side)
Compliance in Trade Finance
- Trade-Based Money Laundering (TBML)
- Singapore’s Sanction Laws & Regulation
- Common violations and consequences
- Red flags and internal control requirements to prevent misuse of trade finance channels
- Roles and responsibilities of financial institutions and instructing parties
Operational Challenges and Best Practices
- Common Operational Challenges: discrepancies and delayed payments, disputes, sanction issues
- Best Practices:
- Reduce discrepancies through documentation quality control
- Strengthening international controls and developing structured coordination frameworks
- Aligning trade parties for smooth execution
- Case Studies and Practical Examples
Training Methodology*
Lecture with case studies, and discussion
Closing Date for Registration*
1 Week before Programme or Until Full Enrolment.
Intended For
This course is designed for accounting and finance professionals, trade coordinators, credit control and risk management personnel, banking relationship managers, and compliance officers involved in trade finance operations. It is ideal for those seeking to deepen their practical understanding of trade finance instruments and enhance their ability to manage international trade transactions effectively and compliantly.
Competency Mapping
Others = 7.00 Hours
Schedule & Fees
Date & Time
08 Dec 2025 (9:00 AM - 5:00 PM)
Fee (inclusive of GST)
SGD pricing -
For Members:
$ 507.94
For Non-Members:
$ 606.04
Programme Facilitator(s)
Team of Professionals (Richard Yeo and Tan How Huat)
Venue
60 Cecil Street
ISCA House
Singapore 049709
Testimonial
Funding
No funding Available!
Programme Facilitator(s)
Richard Yeo Chin Keat
MBA, MIEx (Grad), ACIB
Richard has over 35 years of working experience in the banking industry, covering the areas of International Trade Finance, Funds Transfers (Remittances), Business Administration, Retail Banking and Risk Management. He has worked in various international banks and also multinational and is actively involved in conducting in-house training and presentations.
He was a key management staff in a listed company, and was also a Senior Manager in an MNC.
Prior to those earlier appointments he was a Deputy General Manager and Compliance Officer (Head of Compliance) in an offshore bank, in charge of Trade Finance, Settlements, Remittances, Deposits, Loans Administration, Correspondent banking as well as Accounting and Regulatory Compliance.
Richard was a registered Associate Trainer with the Institute of Banking and Finance (IBF), and is a part-time Associate Lecturer with the Singapore Institute of Management (SIM) and he developed the module “Export-Import Operations & E-commerce in Trade” for the Diploma in International Business. Richard was formerly a part-time Tutor with the Business and Management Education Limited, for the Manchester Business School MBA program conducted in Singapore. Currently he is part-time lecturer with Hanbridge Institute for the University of Suffolk, MSc. program conducted in Singapore. He was teaching Strategic Management, Trade Internationalization, and currently International Business Management.
Richard was an Associate Member of the Chartered Institute of Bankers, a graduate member of the Institute of Exports (UK) and holds a Master of Business Administration degree, jointly awarded by the University of Manchester and the University of Wales, UK.
Tan How Huat
Tan How Huat has over 40 years of experience in the trade finance sector within the banking industry. His expertise spans the entire spectrum of international trade operations, encompassing both Import and Export facets. He has played a pivotal role in trade products development, such as Own Acceptance Discounting, and has been instrumental in formulating trade product policies for the bank.
Throughout his tenure in various local and international banks, How Huat has been actively engaged in conducting in-house training sessions and presentations. He also delivers training programs tailored for bankers and corporate entities in Indonesia and Myanmar.
During his banking career, How Huat provided invaluable trade advisory support, specializing in the interpretation and application of ICC rules governing Trade Finance and assist in the banks’ trade fee and interest income budgets. He collaborated closely with Risk, Legal, and Compliance departments to address challenges related to Trade Based Money Laundering, Terrorist Financing, and Sanctions. His efforts culminated in the development of robust in-house processes designed to identify pertinent risks and guide appropriate actions.
Following his retirement from the banking industry, How Huat remains active in trade finance, offering advisory services and conducting freelance Trade Finance courses. He stays current with industry developments by regularly attending monthly meetings with fellow trade finance enthusiasts, where they discuss the latest updates and court cases affecting trade finance practices.
How Huat was a Certified Documents Checking Specialist (I.C.C.), hold a London Chamber of Commerce Higher Accounting certificate and is a G.C.E. A-level holder.
This workshop equips accounting and finance professionals with practical insights in a rapidly evolving trade environment. As global trade becomes more complex, accountants must ensure that transactions are not only commercially sound, but also compliant with regulatory requirements and financial controls.
Participants will gain a comprehensive understanding on key trade finance instruments such as letters of credit, guarantees and how to apply them effectively in their finance, treasury and risk management functions. The workshop also also covers documentation accuracy, compliance with anti-money laundering regulations, and best operational practices.
At the end of this course, you will be able to:
- Understand the structure and financial implications of key trade finance instruments;
- apply trade finance procedures, including documentation, settlement and cost allocation;
- comply with regulatory and compliance frameworks relevant to trade finance;
- recognise and address common operational challenges in trade finance; and
- implement internal controls and best practices to strengthen financial reporting and compliance in trade transactions.
Programme Outline
Introduction to Trade Finance Instruments
- Importance of Trade Finance in working capital and cash flow management
- Key parties involved in international trade
- Overview of common trade finance instruments:
- Open Account
- Cash-in-Advance
- Documentary Collection
- Documentary Credit (Letter of Credit)
- Bank Guarantees and Standby LCs
- Shipping Guarantees
Payment Modes & Risk Considerations
- Matching Buyer’s & Seller’s Expectations
- Levels of Trust & Payment Modes
- Advantages, risks, process flows for:
- Open Account
- Cash-in Advance
- Documentary Collection
- Documentary Credit
- Applicable rules and conventions (e.g., UCP600, URC522, ISP98)
Trade Finance Operations
- Export LC Advising
- Standby LC / Bank Guarantee
- Shipping / Air Waybill Guarantee
- Handling of Export Financing:
- Purchase / Prepay Export Documents
- Invoice Financing (Sales Side)
- Handling of Import Financing:
- Trust receipt
- Invoice Financing (Purchase Side)
Compliance in Trade Finance
- Trade-Based Money Laundering (TBML)
- Singapore’s Sanction Laws & Regulation
- Common violations and consequences
- Red flags and internal control requirements to prevent misuse of trade finance channels
- Roles and responsibilities of financial institutions and instructing parties
Operational Challenges and Best Practices
- Common Operational Challenges: discrepancies and delayed payments, disputes, sanction issues
- Best Practices:
- Reduce discrepancies through documentation quality control
- Strengthening international controls and developing structured coordination frameworks
- Aligning trade parties for smooth execution
- Case Studies and Practical Examples
Training Methodology*
Lecture with case studies, and discussion
Closing Date for Registration*
1 Week before Programme or Until Full Enrolment.
Intended For
This course is designed for accounting and finance professionals, trade coordinators, credit control and risk management personnel, banking relationship managers, and compliance officers involved in trade finance operations. It is ideal for those seeking to deepen their practical understanding of trade finance instruments and enhance their ability to manage international trade transactions effectively and compliantly.
Competency Mapping
Others = 7.00 Hours
Programme Facilitator(s)
Richard Yeo Chin Keat
MBA, MIEx (Grad), ACIB
Richard has over 35 years of working experience in the banking industry, covering the areas of International Trade Finance, Funds Transfers (Remittances), Business Administration, Retail Banking and Risk Management. He has worked in various international banks and also multinational and is actively involved in conducting in-house training and presentations.
He was a key management staff in a listed company, and was also a Senior Manager in an MNC.
Prior to those earlier appointments he was a Deputy General Manager and Compliance Officer (Head of Compliance) in an offshore bank, in charge of Trade Finance, Settlements, Remittances, Deposits, Loans Administration, Correspondent banking as well as Accounting and Regulatory Compliance.
Richard was a registered Associate Trainer with the Institute of Banking and Finance (IBF), and is a part-time Associate Lecturer with the Singapore Institute of Management (SIM) and he developed the module “Export-Import Operations & E-commerce in Trade” for the Diploma in International Business. Richard was formerly a part-time Tutor with the Business and Management Education Limited, for the Manchester Business School MBA program conducted in Singapore. Currently he is part-time lecturer with Hanbridge Institute for the University of Suffolk, MSc. program conducted in Singapore. He was teaching Strategic Management, Trade Internationalization, and currently International Business Management.
Richard was an Associate Member of the Chartered Institute of Bankers, a graduate member of the Institute of Exports (UK) and holds a Master of Business Administration degree, jointly awarded by the University of Manchester and the University of Wales, UK.
Tan How Huat
Tan How Huat has over 40 years of experience in the trade finance sector within the banking industry. His expertise spans the entire spectrum of international trade operations, encompassing both Import and Export facets. He has played a pivotal role in trade products development, such as Own Acceptance Discounting, and has been instrumental in formulating trade product policies for the bank.
Throughout his tenure in various local and international banks, How Huat has been actively engaged in conducting in-house training sessions and presentations. He also delivers training programs tailored for bankers and corporate entities in Indonesia and Myanmar.
During his banking career, How Huat provided invaluable trade advisory support, specializing in the interpretation and application of ICC rules governing Trade Finance and assist in the banks’ trade fee and interest income budgets. He collaborated closely with Risk, Legal, and Compliance departments to address challenges related to Trade Based Money Laundering, Terrorist Financing, and Sanctions. His efforts culminated in the development of robust in-house processes designed to identify pertinent risks and guide appropriate actions.
Following his retirement from the banking industry, How Huat remains active in trade finance, offering advisory services and conducting freelance Trade Finance courses. He stays current with industry developments by regularly attending monthly meetings with fellow trade finance enthusiasts, where they discuss the latest updates and court cases affecting trade finance practices.
How Huat was a Certified Documents Checking Specialist (I.C.C.), hold a London Chamber of Commerce Higher Accounting certificate and is a G.C.E. A-level holder.